Short interest for Nike gives investors a sense of the degree to which investors are betting on the decline of Nike's stock. Short interest data is updated every two weeks.

Nike Stock (NYSE:NKE), Short Interest Report

Nike

Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.

Adidas

Earnings

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News

Retail Sales

Global

Markets

ADDYY

Adidas&#39; first-quarter sales in Europe and China have contributed to a 14% and 8% increase respectively, while North America, its second-largest market, experienced a 4% decrease.

Adidas Puts Yeezy History Behind, Rides Fashion High With Samba And Gazelle Shoes

Sports

General

ADDDF

PMMAF

Caitlin Clark is set to pull in the most lucrative shoe deal deal a women&#39;s basketball player has ever signed.

Caitlin Clark&#39;s Nike Deal Reportedly Worth $28 Million Over Eight Years

Caitlin Clark Wiki

AMZN

PARA

PARAA

Caitlin Clark set NCAA records while at Iowa. The women&#39;s basketball star is now setting endorsement records thanks to Nike.

Caitlin Clark Nears $28M Nike Endorsement: Sneaker Deal 45 Times Her WNBA Salary

Nike Inc

Investors with significant funds have taken a bullish position in Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in NKE usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 8 options transactions for Nike. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 62% being bullish and 0% bearish. Of all the options we discovered, 7 are puts, valued at $509,057, and there was a single call, worth $91,350.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $80.0 to $105.0 for Nike during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Nike's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Nike's substantial trades, within a strike price spectrum from $80.0 to $105.0 over the preceding 30 days.
<h3>Nike Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714574752_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.45</td>
<td>$7.35</td>
<td>$7.35</td>
<td>$90.00</td>
<td>$294.0K</td>
<td>10.5K</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$10.15</td>
<td>$10.0</td>
<td>$10.15</td>
<td>$85.00</td>
<td>$91.3K</td>
<td>384</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$12.8</td>
<td>$12.55</td>
<td>$12.67</td>
<td>$100.00</td>
<td>$63.3K</td>
<td>6.4K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.65</td>
<td>$3.55</td>
<td>$3.6</td>
<td>$80.00</td>
<td>$36.0K</td>
<td>8.5K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$5.55</td>
<td>$5.5</td>
<td>$5.5</td>
<td>$95.00</td>
<td>$30.2K</td>
<td>8.8K</td>
<td style="text-align: right;">85</td>
</tr>
</tbody>
</table>

<h3>About Nike</h3>
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
After a thorough review of the options trading surrounding Nike, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Nike</h3>
<ul>
<li>With a trading volume of 1,640,730, the price of NKE is down by -1.75%, reaching $90.65.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 57 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Nike</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $114.0.
<ul>
<li>Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $115.</li>
<li>In a positive move, an analyst from B of A Securities has upgraded their rating to Buy and adjusted the price target to $113. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Nike with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

A Closer Look at Nike's Options Market Dynamics

Analysts' ratings for Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) over the last quarter vary from bullish to bearish, as provided by 29 analysts.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">13</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Nike, presenting an average target of $114.28, a high estimate of $130.00, and a low estimate of $85.00. A decline of 7.84% from the prior average price target is evident in the current average. 
<img src="https://www.benzinga.com/files/images/story/2024/1714492827_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Nike. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$113.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$116.00</td>
<td>$124.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Adrienne Yih</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$114.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Aneesha Sherman</td>
<td>Bernstein</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$134.00</td>
</tr>
<tr>
<td>Jonathan Komp</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$125.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Randal Konik</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Hold</td>
<td>$100.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Michael Binetti</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$117.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Ike Boruchow</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Abbie Zvejnieks</td>
<td>Piper Sandler</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$98.00</td>
<td>$107.00</td>
</tr>
<tr>
<td>Jim Duffy</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$117.00</td>
<td>$129.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$115.00</td>
<td>-</td>
</tr>
<tr>
<td>Piral Dadhania</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Sector Perform</td>
<td>$100.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Joseph Civello</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$99.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Jay Sole</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$125.00</td>
<td>$138.00</td>
</tr>
<tr>
<td>Brooke Roach</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Buy</td>
<td>$120.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Beth Reed</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Hold</td>
<td>$111.00</td>
<td>$111.00</td>
</tr>
<tr>
<td>Tom Nikic</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$115.00</td>
<td>$131.00</td>
</tr>
<tr>
<td>Lorraine Hutchinson</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$120.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Sam Poser</td>
<td>Williams Trading</td>
<td>Lowers</td>
<td>Sell</td>
<td>$85.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$120.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$125.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Piral Dadhania</td>
<td>RBC Capital</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$110.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Alex Straton</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$124.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Robert Drbul</td>
<td>Guggenheim</td>
<td>Announces</td>
<td>Buy</td>
<td>$130.00</td>
<td>-</td>
</tr>
<tr>
<td>Brian Nagel</td>
<td>Oppenheimer</td>
<td>Announces</td>
<td>Perform</td>
<td>$110.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Nike. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Nike compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Nike's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Nike's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NKE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Nike analyst ratings.</a>
<h2>Unveiling the Story Behind Nike</h2>
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
<h3>Unraveling the Financial Story of Nike</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Revenue Growth: Over the 3 months period, Nike showcased positive performance, achieving a revenue growth rate of 0.31% as of 29 February, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Discretionary sector.
Net Margin: Nike's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 9.43% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Nike's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.26% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.14%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.85.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

A Glimpse Into The Expert Outlook On Nike Through 29 Analysts

Wedbush analyst Tom Nikic reiterates Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Outperform and maintains $115 price target.

Price Target

Reiteration

Wedbush Reiterates Outperform on Nike, Maintains $115 Price Target

Adidas AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTC">ADDYY</a>) has seen a surge in sales thanks to its Samba and Gazelle shoes, despite a decline in North American sales.
What Happened: Adidas&#8217; first-quarter sales in Europe and China have contributed to a 14% and 8% increase respectively, while North America, its second-largest market, experienced a 4% decrease, Reuters reported. 
The company&#8217;s sales have been driven by the popularity of its &#8220;terrace&#8221; shoes, including the Samba and Gazelle, following a challenging period after the termination of its lucrative Yeezy shoe line.
Adidas&#8217; CEO, Bjorn Gulden, attributed the strong first-quarter sales to the lifestyle business, with demand for terrace shoes continuing to grow. Footwear revenues increased by 13% over the quarter, despite a 1% drop in Adidas&#8217; shares during early trading.
See Also: <a href="https://www.benzinga.com/news/24/04/38424795/amazon-pauses-green-card-sponsorship-for-foreign-workers-in-2024-amid-layoffs-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Pauses Green Card Sponsorship For Foreign Workers In 2024 Amid Layoffs: Report (UPDATED)</a>
Adidas has capitalized on the weakening of its main U.S. competitor, Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), which has lost market share and warned of a sales decline. On the sneakerhead marketplace, The Edit LDN, sales of Nike shoes have decreased by approximately 30%, while Adidas shoes, typically lower priced, have surged by 80% from the previous year.
&#8220;It is reassuring to see the broad geographic spread of the sales performance, with the U.S. weak as expected but a much stronger Europe,&#8221; said Adam Cochrane, analyst at Deutsche Bank.
Why It Matters: This surge in Adidas&#8217; sales comes after a challenging period. The company reported a loss in 2023 after ending its Yeezy shoe line, which had been highly profitable. However, the recent sales boost from its terrace shoes has been a significant turnaround for the company.
Adidas&#8217; Q1 results come on the heels of a <a href="https://www.benzinga.com/news/earnings/24/04/38287020/adidas-boosts-outlook-on-strong-q1-results-details">strong start to the year</a>, with an 8% increase in currency-neutral revenues and a 4% growth in euro terms. The company&#8217;s gross margin also improved by 6.4% points to 51.2% during the quarter, compared to 44.8% the previous year.
Despite the challenges, Adidas has been optimistic about its future, <a href="https://www.benzinga.com/news/earnings/24/03/37651392/adidas-kicks-off-2024-with-optimism-targets-growth-amid-inventory-and-currency-challenges">targeting growth</a> amid inventory and currency challenges at the start of 2024. The recent surge in sales, particularly in Europe and China, suggests that the company&#8217;s strategies are indeed paying off.
Read Next: <a href="https://www.benzinga.com/news/24/04/38490818/if-you-invested-1000-in-chipotle-mexican-grill-a-decade-ago-this-is-how-much-itd-be-worth-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">If You Invested $1000 in Chipotle Mexican Grill a Decade Ago, This is How Much It&#8217;d Be Worth Now</a>
Image by chinnian on Flickr
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) has outperformed the market over the past 15 years by 1.57% on an annualized basis producing an average annual return of 13.71%. Currently, Nike has a market capitalization of $143.35 billion. 
Buying $1000 In NKE: If an investor had bought $1000 of NKE stock 15 years ago, it would be worth $7,179.52 today based on a price of $94.97 for NKE at the time of writing.
<h3>Nike's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714140025_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

$1000 Invested In Nike 15 Years Ago Would Be Worth This Much Today

Caitlin Clark is set to pull in the most lucrative shoe deal deal a women&#39;s basketball player has ever signed.
The contract she and Nike&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) have agreed to will bring the superstar up to $28 million over eight years, plus a signature shoe, The Wall Street Journal reported.
Clark&#39;s team set the bar high, telling shoe companies a deal must be at least $3 million per year, according to the Journal. That made Puma&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/pmmaf#OTC">PMMAF</a>) drop out, and Adidas&#39;&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/adddf#OTC">ADDDF</a>)&nbsp;reported offer of a $6 million, four-year deal far below the mark. The Under Armour offer was the next most enticing, with a four-year, $16 million contract and a signature shoe pitched with the help of Stephen Curry, The Athletic reported. At one point, some companies were making offers contingent on her staying at Iowa for another season, thinking she&#39;d hold bigger star power by playing one more year in college, according to the Journal.
While Under Armour would bring her a higher annual salary, Clark reportedly is going with Nike. She had been with the Oregon-based shoe giant since 2022, but their contract expired after this past college season.&nbsp;
Clark follows in the footsteps of Sabrina Ionescu, who was lured by an Under Armour&ndash;Curry pitch but also went with Nike. Along with her signature shoe, Ionescu was reportedly able to earn up to $24 million, but she won&#39;t hit that mark thanks to injury and the COVID-19 pandemic, the Journal reported. Clark posed in a pair of Sabrina 1s for her first photo shoot in an Indiana Fever jersey.
Since announcing her decision to join the WNBA, Clark has also inked deals with Gainbridge&mdash;which sponsors the Fever&#39;s home arena&mdash;Panini, and Xfinity.
The post <a href="https://frontofficesports.com/caitlin-clark-nike-deal-value/">Caitlin Clark&#39;s Nike Deal Reportedly Worth $28 Million Over Eight Years</a> appeared first on <a href="https://frontofficesports.com">Front Office Sports</a>.

Caitlin Clark's Nike Deal Reportedly Worth $28 Million Over Eight Years

Caitlin Clark, selected as the top pick by the Indiana Fever in the WNBA Draft, is on the verge of signing a major shoe deal ahead of her professional debut, further establishing her <a href="http://Caitlin Clark Is No. 1 Pick In WNBA Draft: Media Stocks, Sportsbooks To Watch As Iowa Star Goes Pro">presence in women&#8217;s basketball.</a>
What Happened: Clark set many NCAA scoring records and <a href="https://www.benzinga.com/general/sports-betting/24/03/37973192/caitlin-clark-helping-espn-sportsbooks-how-iowas-success-in-ncaa-tournament-could-help-wom">helped set new heights</a> for NCAA Women's Basketball while at Iowa.
The future WNBA player is now ready to break records with the largest shoe deal in women's basketball history.
Clark will sign a $28 million, eight-year deal with apparel and shoe company Nike, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) <a href="https://apnews.com/article/caitlin-clark-nike-3ea6a96e0b830b66b4680cc5318de9e4">according </a>to the Associated Press, citing The Athletic. The deal will include a signature shoe line for Clark according to reports. 
The deal with Nike averages out to $3.5 million per season and comes as Clark's recent announced WNBA salary has become a <a href="https://www.benzinga.com/general/sports/24/04/38302993/caitlin-clark-will-make-76-000-a-year-at-the-wnba-journalist-asks-is-this-even-a-living-wage">big topic of pay disparity </a>between male and female athletes.
Dave Portnoy, president of Barstool Sports, took to X (formerly Twitter) to express his view that Clark&#8217;s pending deal significantly undervalues her worth. He suggested that a fair valuation would be at least $80 million.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If people want to complain about Caitlin Clark getting screwed complain about this. 8 year 28 million deal is STEALING. 8 years 80 million min is her worth and that&#39;s still prob too cheap. I hope she has an early opt out if they don&#39;t pay up when she blows through this deal. <a href="https://t.co/VNyPg7wPpS">https://t.co/VNyPg7wPpS</a>
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1782886051448520962?ref_src=twsrc%5Etfw">April 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Clark will make $76,535 in her first WNBA season, with her next three season salaries listed as $78,066, $85,873 and $97,582 respectively. The salary for Clark pales in comparison to million dollar deals that male athletes get after being drafted.
The new Nike deal also means that Clark will earn 45.7x more from Nike in her first season than she will from her salary.
The women's basketball star has been with Nike since 2022 thanks to a name, image and likeness (NIL) deal while at Iowa. The deal expired after the 2023-2024 season and saw several apparel companies compete for her endorsement.
According to Shams Charania of The Athletic, Clark was <a href="https://twitter.com/BleacherReport/status/1781025492344431023">pursued </a>by Puma, Adidas and Under Armour (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>). The pitch from Under Armour also included their star endorsee and NBA star Steph Curry sitting in on the meeting according to Charania. Under Armour is said to have offered more money per year, but less overall years on a proposed deal.
The deal with Nike will see Clark as only the fourth current WNBA player to have their own signature shoe, joining Breanna Stewart (PUMA), Sabrina Ionescu (Nike) and Elena Delle Donne (Nike).
With Clark generating strong interest, Nike could see a boost in sales through her endorsement deal.
Related Link: <a href="https://www.benzinga.com/news/24/04/38286820/caitlin-clarks-76k-wnba-salary-leaves-even-president-biden-befuddled-with-startling-gender-pay-gap-w">Caitlin Clark&#8217;s $76K WNBA Salary Leaves Even President Biden Befuddled With Startling Gender Pay Gap: What Gives?</a>
What's Next: Clark has yet to play a WNBA game, but is already having a large impact on the professional women's basketball league.
The Fever, along with their WNBA and media partners, are hoping to capitalize on the increased attention from Clark&#8217;s record-setting performance in the 2023-2024 NCAA Women&#8217;s Basketball Tournament.
The 2023-2024 NCAA Women's Basketball Championship game, aired on ABC which is owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), attracted an average of 18.9 million viewers. The viewership peaked at 24.1 million and surpassed the NCAA Men's Basketball Championship game, which had an average viewership of 14.8 million.
In 2023, only 22 of the Fever&#8217;s 40 games were broadcast nationally. However, thanks to the highly anticipated debut season of Clark, this number will significantly increase to 36 of their 40 games in the 2024 season.
Media partners of the WNBA could benefit with Clark&#8217;s debut season and the likely strong viewership that comes with it.
Disney will air eight games across ABC, ESPN and ESPN2, including the May 14 opening game. ESPN aired one Fever game last year. ABC didn't air any games.
Ion, owned by&nbsp;E.W. Scripps Company&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>), will air eight Fever games for the 2024 WNBA season.
CBS, which is a unit of&nbsp;Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>), will air three Fever games during the season.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)&nbsp;owned Prime Video will air four Fever games during the season.
NBA-owned streaming platform, NBA TV, will air the Fever 13 times during the season.
NKE Price Action: Nike shares trade at $94.00 versus a 52-week trading range of $88.66 to $128.68. Shares of Nike are down 26% over the last year.
Read Next: Related Link:&nbsp;<a href="https://www.benzinga.com/general/sports-betting/24/02/37186778/exclusive-caitlin-clark-taylor-swifts-impact-more-women-bet-on-sports-womens-basketball-dr" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Caitlin Clark, Taylor Swift's Impact — More Women Bet On Sports, Women's Basketball, DraftKings CEO Says</a>
Photo: Wikimedia

Hibbett, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) shares are trading higher by 18% in the&nbsp;<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">premarket session on Tuesday</a>.
Hibbett announced a definitive agreement in which&nbsp;JD Sports Fashion PLC&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/JDSPY#OTC">JDSPY</a>)&nbsp;will acquire Hibbett for $87.50 per share in cash, representing an aggregate&nbsp;enterprise value of approximately $1.1 billion.
Per share price represents a 21% premium to the April 22, 2024, closing price.&nbsp;
Last month, JD Sports anticipated a boost in the lackluster market from the Euro soccer championships, the&nbsp;Paris Olympics, and new styles of trainers and tracksuits featuring brands like&nbsp;Nike, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>),&nbsp;Adidas AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTC">ADDYY</a>), and HOKA, Reuters reported.
Under the terms of the definitive merger agreement, Hibbett has agreed to suspend the payment of dividends on its common stock and&nbsp;the&nbsp;purchase&nbsp;of&nbsp;shares under its existing Stock Repurchase Program through the transaction&#8217;s closing.
&#8220;Today&#8217;s announcement is a true testament to all that our Hibbett &#x7C; City Gear teams have built over the years and reinforces the strength of our brands, our close relationships with our vendor partners, and our team of dedicated colleagues across the country,&#8221; said Mike Longo, President and Chief Executive Officer of&nbsp;Hibbett.
The deal also represents a 29% premium to&nbsp;the&nbsp;120-trading day volume weighted average&nbsp;price&nbsp;of Hibbett.
&nbsp;&#8220;We&#8217;re thrilled to acquire Hibbett &#x7C; City Gear, combining two of the most respected athletic retail brands in the United States, as we continue&nbsp;to strategically expand&nbsp;our global multi-brand platform,&#8221; said Régis Schultz, Chief Executive Officer of JD Sports.
Following the&nbsp;closing of the transaction, Mike Longo will continue to serve as President and Chief Executive Officer&nbsp;and&nbsp;Jared Briskin will take on the role of Chief Operating Officer of Hibbett.&nbsp;
The transaction&nbsp;is expected&nbsp;to close in the second half of 2024.&nbsp;
Hibbett will maintain its corporate headquarters in Birmingham, Alabama.
Price Action: HIBB shares are trading higher by 18.6% to $86.00 premarket on the last check Tuesday.
Photo via Wikimedia Commons

Movers

HIBB

JDSPY

Why Is Athletic-Inspired Fashion Retailer Hibbett Stock Jumping Today?

Nike, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is reportedly set to cut around 740 jobs at its Oregon headquarters, aiming to trim expenses following a projected&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/03/37894550/nike-exceeds-expectations-in-q3-but-bearish-signals-emerge" rel="noreferrer noopener">revenue decline in the first half of fiscal 2025</a>.
By June 28, the &#8220;second phase of impacts&#8221; will commence at Nike&#8217;s headquarters, confirmed Michele Adams, the company&#8217;s vice president of global people solutions, Reuters reported.
In December, Nike unveiled a cost savings plan targeting $2 billion over three years. By February, it planned to cut over 1,600 jobs, roughly 2% of its workforce.
As of May 31, 2023, Nike had approximately 83,700 employees.&nbsp;
Amid the announcement of the job cuts, the company is also on the brink of finalizing a substantial endorsement deal with basketball sensation Caitlin Clark <a href="https://www.benzinga.com/news/24/04/38331762/nikes-sneaker-coup-reportedly-nears-lucrative-deal-with-basketball-sensation-caitlin-clark" target="_blank" rel="noreferrer noopener">ahead of her anticipated professional debut in May.</a>
Clark, recently selected as the first overall pick in the WNBA draft by the Indiana Fever following a remarkable collegiate career, had previously enjoyed sponsorship from Nike under a name, image, and likeness arrangement while attending the University of Iowa, <a href="https://www.bloomberg.com/news/articles/2024-04-18/nike-nke-caitlin-clark-endorsement-deal-getting-closer?srnd=industries-v2&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">Bloomberg</a> reported.
Earlier this month, the company reportedly launched<a href="https://www.benzinga.com/markets/equities/24/04/38203024/nike-bets-on-olympics-to-boost-performance-sales-report" target="_blank" rel="noreferrer noopener"> Olympic kits for the teams and athletes it sponsors.</a>
The company roped in athletes such as Kenyan marathon star Eliud Kipchoge and British sprinter Dina Asher-Smith, betting that top athletes can help it win more everyday consumers.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, NKE stock has lost over 24% in the past year. Investors can gain exposure to the stock via Neuberger Berman ETF Trust Neuberger Berman Next Generation Connected Consumer ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBCC#NYSE">NBCC</a>) and Listed Funds Trust Roundhill S&amp;P Global Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUXX#NYSE">LUXX</a>).
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38338656/deutsche-banks-asia-private-banking-workforce-slashed-amid-restructuring-efforts-report" rel="noreferrer noopener">Deutsche Bank&#8217;s Asia Private Banking Workforce Slashed Amid Restructuring Efforts: Report</a>
Price Action:&nbsp;NKE shares closed lower by 1.26% to $94.53 on Friday. Shares fell 0.24% after hours.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. 
Photo: Shutterstock

LUXX

Neuberger Berman ETF Trust Neuberger Berman Next Generation Connected Consumer ETF

NBCC

Nike Plans Oregon Headquarters Job Cuts Amid Revenue Decline Predictions: Report

<a href="https://www.oregonlive.com/business/2024/04/nike-says-ongoing-layoffs-will-impact-740-in-oregon.html">https://www.oregonlive.com/business/2024/04/nike-says-ongoing-layoffs-will-impact-740-in-oregon.html</a>
&nbsp;
Nike on Friday said in a notice to government officials that it expects to part with 740 Oregon workers, all at its Washington County headquarters.
The filing came as the second wave of a mass layoff started.
&nbsp;
The first wave of the layoff took place in February, shortly after Nike CEO John Donahoe told employees the company would part with 2% of its workforce, but he did not provide information about the number of Oregon jobs that would be impacted.
&nbsp;
On Friday, Nike filed that information with the state's Higher Education Coordinating Commission, as required when mass layoffs occur.
&nbsp;
Nike employs 83,700, according to its last annual report filed with the U.S. Securities and Exchange Commission, including 11,400 at its 400-acre headquarters campus near Beaverton.
&nbsp;
In an email to employees on Friday, the company's senior leadership team, including Donahoe, said the latest round of layoffs started Friday and will be complete by the end of next week.
&nbsp;
The company has asked employees to work from home next week.
&nbsp;
"We know these moments are hard, which includes having to make difficult decisions and saying goodbye to friends and teammates," the leadership team wrote in the email. "We remain committed to ensuring every person impacted is treated respectfully and with great care."
&nbsp;
The ongoing layoffs do not impact workers in Nike's stores, distribution centers, or U.S. manufacturing facilities that make Air insoles.
&nbsp;
In 2020, the company laid off 700 workers in Oregon as part of a restructuring designed to make the company more nimble. In 2017, Nike eliminated 745 jobs here.
&nbsp;
In December, Nike signaled a significant layoff was coming when it told stock analysts that it expected to incur as much as $450 million in restructuring charges in the quarter that ended Feb. 29, mostly from severance costs. At the time, Nike also said it wanted to cut $2 billion in costs over the next three years.
&nbsp;
While Nike remains the dominant sportswear brand, it's been in a sales slump and <a href="https://www.oregonlive.com/news/2023/10/nikes-shoes-are-setting-records-but-casual-runners-are-wearing-rivals.html">losing market</a> share to smaller, nimbler rivals, such as Hoka and On. Nike only expects sales to increase around 1% in the fiscal year that ends May 31.
&nbsp;
It expects sales to decline in the six-month period that beings June 1, before accelerating as a number of new products come to market as part of what the company calls an "innovation super cycle."
&nbsp;
The company's also spoken about plans to "reignite" sales in growing parts of the company, including products for women, the Jordan brand and running gear.

Management

'Nike Says Layoffs Will Impact 740 At Oregon Headquarters' - Oregon Live

Wedbush&nbsp;analyst Tom Nikic reiterated an Outperform rating on the shares of&nbsp;Skechers USA Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a price target of $68.
Nike Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) and&nbsp;Levi Strauss &amp; Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) recently reported February-quarter results&nbsp;and&nbsp;both saw worsening EMEA trends sequentially, noted the analyst.
At over 20% of sales, Europe is a meaningful part of SKX&#8217;s business, and though&nbsp;the management has counted it in a conservative guidance, the macro challenges in Europe likely limit&nbsp;upside&nbsp;to the quarter and guidance, noted the analyst.
According to the analyst, strong demand trends, particularly among the new Slip-In innovation,&nbsp;1H23&nbsp;was&nbsp;an exceptionally strong&nbsp;period for the U.S. DTC.
With the trends moderating in 2H23, the analyst sees further normalization to mid-single-digit growth in the first quarter and the rest of the year.
Based on the strengthening of the U.S. dollar since SKX reported fourth-quarter results, the analyst estimates a net EPS headwind of $0.10-$0.15.
Though the near-term story looks challenging, compelling points for a bullish stance include a strong product-innovation-and-marketing engine, momentum in Asia, which is&nbsp;larger&nbsp;than Europe for SKX, recovery potential in the U.S. wholesale channel&nbsp;and&nbsp;a strong balance sheet.
Given a&nbsp;tougher&nbsp;macro environment, the analyst guesses a reiteration of guidance is the most likely scenario.
Price Action: SKX shares are trading lower by 0.33% at $56.67 on the last check Friday.
Photo via Wikimedia Commons

Analyst Color

LEVI

Skechers USA Unlikely To Raise Outlook Due To Eurozone Hurdles, Says Analyst

Nike Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is reportedly&nbsp;on the brink of&nbsp;finalizing a substantial endorsement deal with basketball sensation Caitlin Clark ahead of her anticipated professional debut scheduled for May.
Clark, recently selected as the first overall pick in the WNBA draft by the Indiana Fever following a remarkable collegiate career, had previously enjoyed sponsorship from Nike under a name, image, and likeness arrangement while attending the University of Iowa, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-18/nike-nke-caitlin-clark-endorsement-deal-getting-closer?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Set to join the ranks of the world&#8217;s largest sportswear company, Clark is poised to launch her&nbsp;own&nbsp;signature line of footwear, aligning with Nike&#8217;s strategy of cultivating a roster of young basketball talents.
This move comes as renowned athletes such as LeBron James and Kevin Durant approach the twilight of their careers.
Nike&#8217;s CEO, John Donahoe, highlighted Clark&#8217;s potential during a recent conference call with investors and analysts.
The brand showcased Clark in a commercial aired in&nbsp;March,&nbsp;following her record-breaking performance in NCAA basketball.
As per the report, major athletic brands are&nbsp;turning their focus to&nbsp;women&#8217;s sports, drawn by surging viewership and the emergence of new stars. Despite this, female athletes&nbsp;being granted&nbsp;sneaker lines&nbsp;remains&nbsp;relatively rare.
In September, Nike debuted a signature shoe with New York Liberty standout Sabrina Ionescu, a move praised by Donahoe for its broad appeal across genders.
Meanwhile,&nbsp;Puma SE&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/PMMAF#OTC">PMMAF</a>) has a similar arrangement with Ionescu&#8217;s teammate, two-time MVP Breanna Stewart, the report added.
Price Action: NKE shares closed higher by 0.95% at $95.74 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by pixfly on Shutterstock

Media

Nike's Sneaker Coup: Reportedly Nears Lucrative Deal With Basketball Sensation Caitlin Clark

Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) has outperformed the market over the past 20 years by 4.65% on an annualized basis producing an average annual return of 12.31%. Currently, Nike has a market capitalization of $143.10 billion. 
Buying $100 In NKE: If an investor had bought $100 of NKE stock 20 years ago, it would be worth $1,031.44 today based on a price of $94.81 for NKE at the time of writing.
<h3>Nike's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713461442_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Nike 20 Years Ago Would Be Worth This Much Today

The Indiana Fever drafted Caitlin Clark with the <a href="https://www.benzinga.com/news/24/04/38286820/caitlin-clarks-76k-wnba-salary-leaves-even-president-biden-befuddled-with-startling-gender-pay-gap-w">first overall pick in the WNBA draft Monday </a>night. Clark, the University of Iowa phenom who helped increase ticket prices, viewership and the overall attention of women's college basketball during her time at Iowa, earned millions of dollars through Name Image and Likeness deals.
Clark will earn just under $80,000 before taxes in her first year with her rookie WNBA contract. While she can also secure endorsement deals, many have questioned the fairness of her salary, with some critics calling it unfair.
For the draft, Clark collaborated with designer brand Prada, sporting their sunglasses, jewelry, and clothing. While the details of the endorsement are undisclosed, it's probable that Clark made a decent chunk of change from that deal alone. In addition to Prada, Clark has worked with brands like Nike Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), Gatorade, State Farm and more. Read Also: <a href="https://www.benzinga.com/news/24/04/38286820/caitlin-clarks-76k-wnba-salary-leaves-even-president-biden-befuddled-with-startling-gender-pay-gap-w">Caitlin Clark&#8217;s $76K WNBA Salary Leaves Even President Biden Befuddled With Startling Gender Pay Gap: What Gives?</a>
However, unless Clark can single-handedly boost WNBA viewership, it&#8217;s highly likely that she will compete in front of smaller audiences throughout her professional career. More than 20 million people tuned into the recent Iowa vs South Carolina NCAA Women's National Championship game. In comparison, less than one million people viewed last year's WNBA finals matchup between the Las Vegas Aces and the New York Liberty according to <a href="https://www.sportsbusinessjournal.com/Articles/2023/10/20/wnba-2023-finals-game-4-viewership">Sports Business Journal.</a>
Still, Clark, the biggest star in women's basketball and arguably the most popular women's athlete in the country right now, is set to make a lot more money than her base salary of $76,000. But, just taking into account her salary, let's compare it to other average incomes straight out of college.
<ul>
<li>Caitlin Clark's WNBA rookie salary: $76,000</li>
<li>Computer sciences: $75,900 (via Indeed)</li>
<li>Engineering: $74,000 (via Indeed)</li>
<li>Business: $61,000 (via Indeed)</li>
<li>Agriculture &amp; natural resources: $58,000 (via Indeed)</li>
<li>Communications: $56,000 (via Indeed)</li>
</ul>
Many commentators have criticized Clark's salary, with some calling it unfair. CBS News' Lisa Ling posted on Meta Platform's Instagram, calling it &#8220;bull&#x2A;&#x2A;&#x2A;&#x2A;&#8221; and asking if it was enough to make ends meet.
"Steph Curry makes more per game than what Caitlin Clark is making for 4 years!" Ling wrote in her caption. "It's bull&#x2A;&#x2A;&#x2A;&#x2A;! With the toll sports and travel take on women's bodies, is this even a living wage?" It&#8217;s important to note that the NBA drives significantly more revenue than the WNBA, making NBA owners and teams more able and willing to pay its athletes millions of dollars. The NBA does pay $15 million a year to the WNBA to help promote the growth of the women's game and make sure that the league is able to stay afloat. 
Now Read: <a href="https://www.benzinga.com/news/24/04/38288360/breaking-tesla-shareholders-to-vote-again-on-ceo-elon-musks-voided-47b-pay-package">&#8216;Fundamentally Unfair:&#8217; Tesla Board Chair Urges Shareholders To Vote Again On Elon Musk&#8217;s Voided Pay Package</a>
Photo: Shutterstock

Caitlin Clark Will Make $76,000 A Year At The WNBA: Journalist Asks 'Is This Even A Living Wage?'

In an unscheduled announcement, Adidas AG (OTC: <a class="ticker" href="https://www.benzinga.com/stock/addyy#OTC">ADDYY</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/adddf#OTC">ADDDF</a>) raised its&nbsp;2024 profit outlook after a better than expected first quarter.&nbsp;The good news come a&nbsp;month after&nbsp;the German sportswear giant posted its first annual loss in more than three decades and warned sales in North America will fall again due to the struggle of U.S. retailers with high inventory levels. Adidas has also been battling to restore its vitality after&nbsp;a costly split from Kanye West in October 2022&nbsp;and&nbsp;suspending sales of the highly profitable Yeezy sneaker line.
<h3>Adidas Provided Hope Of Recovery</h3>
The German sportswear giant&nbsp;now expects full-year operating profit of about&nbsp;$744 million&nbsp;or&nbsp;700 million euros&nbsp;, after previously guiding for&nbsp;500 million euros.
At the very least, Adidas shares have staged a recovery, outperforming&nbsp;even&nbsp;Nike&nbsp;Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>)&nbsp;since&nbsp;the new&nbsp;CEO Bjorn Guldentook over.&nbsp;Gulden found that&nbsp;2023 ended better than&nbsp;what was expected at the&nbsp;beginning of the year, although this performance is certainly not good enough. Back in March, Gulden warned that the brand&rsquo;s weakness in North America will continue as&nbsp;Adidas&nbsp;expects&nbsp;sales to fall by around 5% this year&nbsp;due to overstocked stores and lower demand. In 2023, Adidas recorded a YoY sales&nbsp;drop of&nbsp;16%&nbsp;in North America, while fourth quarter alone posted a&nbsp;21%&nbsp;YoY drop. But, throughout the year, Gulden has been clearing the stock&nbsp;through&nbsp;outlet stores&nbsp;and lowered inventories by 24% or&nbsp;1.5 billion euros.&nbsp;Adidas is&nbsp;hoping to restore its&nbsp;market share from rivals&nbsp;like&nbsp;Nike,&nbsp;even as consumers&#39; overall appetite for sportswear&nbsp;is declining,&nbsp;with even&nbsp;Nike&nbsp;shedding 2% of its workforce in February. Therefore, the latest announcement provided the much-needed good news for the German sportswear giant as Gulden&#39;s efforts to re-energize the company have started to pay off.
Nike is missing its bold and disruptive innovation.
Last Friday, Nike&nbsp;CEO John Donahoe&nbsp;blamed remote work for the slowdown of innovation that is the DNA of Nike&rsquo;s brand. With employees working from home for more than two years now, developing a boldly disruptive product is tough to develop through Zoom.&nbsp;But Donahoe assured that&nbsp;Nike&rsquo;s innovation pipeline is as strong as ever&nbsp;as the sports company fights to protecting its market share with its restructuring plan announced in December. Over the next three years, Nike aims to lower&nbsp;costs by about $2 billion&nbsp;as it embraces for softer demand in the quarters ahead.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Still-In-The-Woods Adidas Provides Glimpse Of Recovery With A Lifted Guidance

Investors with a lot of money to spend have taken a bearish stance on Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NKE, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 27 uncommon options trades for Nike.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 11 are puts, for a total amount of $441,271, and 16 are calls, for a total amount of $1,544,431.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $105.0 for Nike over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nike's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nike's significant trades, within a strike price range of $85.0 to $105.0, over the past month.
<h3>Nike 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713366987_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.35</td>
<td>$7.2</td>
<td>$7.2</td>
<td>$100.00</td>
<td>$900.0K</td>
<td>2.2K</td>
<td>1.7K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$12.4</td>
<td>$12.3</td>
<td>$12.3</td>
<td>$105.00</td>
<td>$102.0K</td>
<td>2.5K</td>
<td>0</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$10.7</td>
<td>$10.65</td>
<td>$10.7</td>
<td>$90.00</td>
<td>$92.0K</td>
<td>1.3K</td>
<td>474</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.35</td>
<td>$10.25</td>
<td>$10.3</td>
<td>$95.00</td>
<td>$72.1K</td>
<td>6.6K</td>
<td>104</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.2</td>
<td>$10.05</td>
<td>$10.09</td>
<td>$95.00</td>
<td>$50.4K</td>
<td>6.6K</td>
<td>294</td>
</tr>
</tbody>
</table>

<h3>About Nike</h3>
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan, and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
In light of the recent options history for Nike, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Nike</h3>
<ul>
<li>With a trading volume of 3,057,424, the price of NKE is up by 0.58%, reaching $93.94.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 71 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Nike</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $113.8.
<ul>
<li>Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Nike with a target price of $115. </li>
<li>An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $100. </li>
<li>In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $115. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Nike, targeting a price of $114. </li>
<li>An analyst from UBS persists with their Buy rating on Nike, maintaining a target price of $125. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Nike, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Nike Options Trading: A Deep Dive into Market Sentiment

WIIM

Nike shares are trading higher in sympathy with Adidas, which gained after reporting earnings.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Consumer Discretionary sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$155.00</td>
<td>$56.1K</td>
<td>30.5K</td>
<td>123.2K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$185.00</td>
<td>$36.0K</td>
<td>9.7K</td>
<td>6.1K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$90.00</td>
<td>$43.7K</td>
<td>10.5K</td>
<td>3.3K</td>
</tr>
<tr>
<td>CZR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$34.00</td>
<td>$27.6K</td>
<td>1.9K</td>
<td>2.7K</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$149.00</td>
<td>$33.2K</td>
<td>93</td>
<td>1.3K</td>
</tr>
<tr>
<td>GPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$21.00</td>
<td>$44.2K</td>
<td>1.3K</td>
<td>368</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$95.00</td>
<td>$30.9K</td>
<td>3.7K</td>
<td>309</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$52.0K</td>
<td>5.2K</td>
<td>279</td>
</tr>
<tr>
<td>LI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$40.00</td>
<td>$28.7K</td>
<td>5.4K</td>
<td>114</td>
</tr>
<tr>
<td>TJX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$85.00</td>
<td>$56.8K</td>
<td>2.6K</td>
<td>55</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a put option sweep that happens to be bullish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 215 contract(s) at a $155.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $56.1K, with a price of $263.0 per contract. There were 30585 open contracts at this strike prior to today, and today 123274 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bullish sentiment. It expires in 10 day(s) on April 26, 2024. Parties traded 100 contract(s) at a $185.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $36.0K, with a price of $360.0 per contract. There were 9774 open contracts at this strike prior to today, and today 6110 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option trade with bullish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 259 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $43.7K, with a price of $169.0 per contract. There were 10517 open contracts at this strike prior to today, and today 3378 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a put option sweep with bearish sentiment. It expires in 31 day(s) on May 17, 2024. Parties traded 644 contract(s) at a $34.00 strike. This particular put needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $27.6K, with a price of $43.0 per contract. There were 1939 open contracts at this strike prior to today, and today 2785 contract(s) were bought and sold. 
• For LEN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>), we notice a put option sweep that happens to be bearish, expiring in 3 day(s) on April 19, 2024. This event was a transfer of 196 contract(s) at a $149.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $33.2K, with a price of $170.0 per contract. There were 93 open contracts at this strike prior to today, and today 1366 contract(s) were bought and sold. 
• Regarding GPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPS#NYSE">GPS</a>), we observe a put option sweep with bullish sentiment. It expires in 66 day(s) on June 21, 2024. Parties traded 202 contract(s) at a $21.00 strike. This particular put needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $219.0 per contract. There were 1361 open contracts at this strike prior to today, and today 368 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a put option trade with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 35 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $30.9K, with a price of $885.0 per contract. There were 3725 open contracts at this strike prior to today, and today 309 contract(s) were bought and sold. 
• Regarding CPNG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), we observe a call option sweep with bearish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $52.0K, with a price of $260.0 per contract. There were 5221 open contracts at this strike prior to today, and today 279 contract(s) were bought and sold. 
• For LI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), we notice a put option sweep that happens to be bearish, expiring in 31 day(s) on May 17, 2024. This event was a transfer of 25 contract(s) at a $40.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $1150.0 per contract. There were 5425 open contracts at this strike prior to today, and today 114 contract(s) were bought and sold. 
• Regarding TJX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), we observe a call option trade with bullish sentiment. It expires in 276 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $56.8K, with a price of $1420.0 per contract. There were 2679 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CPNG

SBUX

TSLA

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Nike Shares Move Higher; Adidas Reports Quarterly Results

Nike's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) short percent of float has risen 4.55% since its last report. The company recently reported that it has 17.92 million shares sold short, which is 1.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.26 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Nike Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713273321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Nike has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Nike's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Nike's peer group average for short interest as a percentage of float is 7.47%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Nike?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
One of the best ways to keep your portfolio safe while generating consistent income is in safe, dividend-paying retirement stocks at 52-week lows. It&rsquo;s even better if you&rsquo;re buying into a reputable company that&rsquo;s paid out dividends for years, and is on sale.



Look at&nbsp;American States Water&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/awr-stock-quote/">AWR</a>), for example. Over the last few months, the water and electric utility stock plunged to about $66 a share from $85 in December. All thanks to an increase in operating costs, interest expenses, and higher interest rates.



However, with an eventual interest rate cut from the Federal Reserve, AWR should benefit. Also, with a 69-year history of dividend payouts, it&rsquo;s still a strong Dividend King that will bounce back as it historically has. Even better, the stock yields 2.45% at the moment. Crisis will lead to opportunity, with patience. 



Some of the other top, beaten-down, dividend-paying retirement stocks at 52-week lows include:



<h2>Johnson &amp; Johnson (JNJ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/jnj1600-300x169.jpg" alt="Negative Press Presents a Buying Opportunity with JNJ Stock"><div>Source: Sundry Photography / Shutterstock.com</div></div>Johnson &amp; Johnson&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/jnj-stock-quote/">JNJ</a>) has been a slow-motion train wreck. Since topping out at around $162.50, it plummeted to a low of about $143, where it&rsquo;s trying to pivot higher. Analysts at <a href="https://www.marketbeat.com/instant-alerts/nyse-jnj-upgrade-2024-04-18/">HSBC just upgraded JNJ</a> to a buy rating, with a price target of $170.&nbsp;



According to the firm,&nbsp;<a href="https://thefly.com/news.php?symbol=JNJ">as quoted by TheFly.com</a>:




&ldquo;The shares have retreated to three-year lows despite fundamentals that are unchanged and headwinds that are well known, says the analyst, who sees &lsquo;asymmetric risk and attractive upside&rsquo; as well as diversity that limits material operational downside for J&amp;J.&rdquo; 




Helping, the company just <a href="https://www.reuters.com/legal/jj-wins-trial-over-florida-woman-who-claimed-its-baby-powder-caused-her-cancer-2024-04-18/">won one of the talc-related lawsuits</a>. A Florida jury found that&nbsp;JNJ&rsquo;s baby powder talc did not cause the ovarian cancer&nbsp;of a woman who passed back in 2019.



Recent earnings haven&rsquo;t been too shabby either. In its first quarter, adjusted earnings of $2.71 beat estimates for $2.64. Revenue of $21.38 billion was in line with expectations for $21.4 billion. JNJ also said it was increasing its quarterly dividend to $1.24 from $1.19, which is payable on June 4.



<h2>Nike (NKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nke-stock-1-300x169.jpg" alt="A stack of red Nike (NKE) shoe boxes."><div>Source: mimohe / Shutterstock.com</div></div>With a yield of 1.58%,&nbsp;Nike&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) is slowly bouncing from recent lows. Last trading at $93.94, I&rsquo;d like to see it retest $120 near term. Granted, the stock dropped as sales and guidance disappointed. But it&rsquo;s one of the top retirement stocks at 52-week lows to buy.



With a good deal of negativity priced in, analysts are still bullish. Stifel, for example, has a buy rating with a price target of $119. &ldquo;Considering the market leading position and structural margin opportunity, we continue to view shares worth a premium,&rdquo;&nbsp;<a href="https://www.barrons.com/articles/nike-earnings-stock-price-fb53ce5f">they added, as quoted by Barron&rsquo;s</a>.



Analysts at&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-04-11/nike-nke-upgraded-to-buy-as-bofa-sees-new-products-fueling-comeback">Bank of America also upgraded Nike</a> to a buy rating&nbsp;with a price target of $118. The firm cited the company&rsquo;s efforts to transform with cost cuts, and the expected benefit from the upcoming Olympics in Paris. Plus, I&rsquo;m encouraged by the company&rsquo;s new line of footwear and apparel, which was recently debuted.



Even better,&nbsp;Nike recently paid out a <a href="https://fintel.io/news/nike-nke-declares-037-dividend-910">37-cent per share dividend</a>&nbsp;on April 1. If you missed it, there should be more dividend announcements on the way.



<h2>Hershey (HSY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/hershey-chocolate-plate-hsy-1600-300x169.jpg" alt="Hershey's milk chocolate pieces on a white plate on top of a wooden table"><div>Source: shutterstock.com/VG Foto</div></div>Beaten-down shares of Hershey (NYSE:<a href="https://investorplace.com/stock-quotes/hsy-stock-quote/">HSY</a>) are still struggling. But that&rsquo;s to be expected with sky-high chocolate costs on the heels of a global cocoa shortage. All thanks to damaged crops in West Africa, which contributes about 80% of the world&rsquo;s cocoa output,&nbsp;<a href="https://www.jpmorgan.com/insights/global-research/commodities/cocoa-prices">says JPMorgan</a>. Fortunately, according to JPMorgan, cocoa prices should start to come down slightly, medium-term.



The good news is Hershey continues to increase its quarterly dividends. Its latest quarterly&nbsp;dividend of $1.37 was paid out on Feb. 20. That was its 376th consecutive payout. In addition,&nbsp;<a href="https://seekingalpha.com/article/4683838-hershey-dependable-dividend-stock-despite-weak-outlook">as noted by Seeking Alpha</a>:&nbsp;




&ldquo;Even as the EPS is expected to remain flat in 2024, I don&rsquo;t believe there&rsquo;s any risk to the increased dividend levels. In fact, the latest increase is a continuation of the company&rsquo;s long-standing commitment to growing dividends for the past 14 years.&rdquo;




While HSY isn&rsquo;t out of the woods with the cocoa crisis just yet, we can collect its yield while we patiently wait for an eventual recovery. It&rsquo;s another one of the top retirement stocks at 52-week lows to buy.



<h2>British American Tobacco (BTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/bti-stock-1-300x169.jpg" alt="British American Tobacco logo on a building"><div>Source: DutchMen / Shutterstock.com</div></div>After testing a 52-week low of $29.09, British American Tobacco (NYSE:<a href="https://investorplace.com/stock-quotes/bti-stock-quote/">BTI</a>) is slowly pivoting higher. Last trading at $29.40, I&rsquo;d like to see it eventually retest $34.



Granted, the company has been struggling with falling numbers of smokers. In fact, according to the&nbsp;<a href="https://www.cdc.gov/tobacco/data_statistics/fact_sheets/adult_data/cig_smoking/index.htm#:~:text=This%20means%20an%20estimated%2028.3,with%20a%20smoking%2Drelated%20disease.&amp;text=Current%20smoking%20has%20declined%20from,every%20100%20adults)%20in%202021.">Centers for Disease Control and Prevention</a>, the number of smokers fell from 29.9% in 2005 to about 11.5% in 2021. Still, with the addictive nature of nicotine, BTI still saw sales grow&nbsp;3% last year with profits up 6%, as noted by&nbsp;<a href="https://investorplace.com/2024/04/surprise-these-3-dividend-giants-are-at-52-week-lows-buy-them-before-they-soar/">InvestorPlace contributor Rich Duprey</a>.



Keeping the stock attractive is its current yield of about 10%. Plus, it just announced it bought back 210,000 shares. And its focus on smokeless tobacco appears to be paying off.



According to CEO Tadeu Marroco,&nbsp;<a href="https://www.bat.com/media/press-releases/_2024/february/preliminary-results-for-the-year-ended-31-december-2023#:~:text=%222023%20was%20another%20year%20of,driven%20by%20Vuse%20and%20Velo.">as quoted in a company press release</a>: 




&ldquo;2023 was another year of resilient financial performance and delivery in line with our guidance, underpinned by our global footprint and multi-category strategy, despite a challenging macro-environment&hellip; New Categories delivered continued volume-led revenue growth and increased profitability, driven by Vuse and Velo.&rdquo;




<h2>Biogen (BIIB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/biogen-biib-300x169.jpg" alt="BIIB stock: Biogen Factory Building in: Luterbach Solothurn Switzerland"><div>Source: PictureDesignSwiss / Shutterstock.com</div></div>We can also look at clobbered shares of Biogen (NASDAQ:<a href="https://investorplace.com/stock-quotes/biib-stock-quote/">BIIB</a>) &ndash; another one of the top retirement stocks at 52-week lows to buy.&nbsp;



After topping out at around $320, BIIB is now attempting to bounce off its low of $189.52. All after it posted disappointing fourth quarter earnings and guidance.&nbsp;



Fortunately, things are starting to slowly improve for the company, with its first quarter EPS of $3.67 beat by 21 cents. Revenue did slip to $2.29 billion &ndash; which was down about 7% year-over-year (YOY) and missed estimates by $30 million.&nbsp;



Helping, the company did say its uptake for its Alzheimer&rsquo;s therapy Leqembi is improving. CEO Christopher Viehbacher, <a href="https://www.tipranks.com/news/the-fly/biogen-reports-q1-adjusted-eps-3-67-consensus-3-44">as quoted by TheFly.com</a>, said: 




&ldquo;We see momentum building at a steady pace for LEQEMBI. In particular, we were encouraged that LEQEMBI in-market revenue for the first quarter nearly tripled sequentially and we saw a significant build in month-to-month new patient starts in the first quarter.&rdquo;&nbsp;




While BIIB does not have a dividend, it&rsquo;s still worth investing in at its recent lows.



<h2>Healthcare Realty Trust (HR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/healthcare-1600-300x169.jpg" alt="Nurse holding a tablet with icons representing different aspects of healthcare and healthcare data representing CANO stock. Healthcare Tech Stocks"><div>Source: metamorworks / Shutterstock</div></div>With a yield of 8.84%, real estate investment trust (REIT),&nbsp;Healthcare Realty Trust&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/hr-stock-quote/">HR</a>) is slowly pivoting off of its 52-week lows as well. Last trading at $14.03, I&rsquo;d like to see HR retest $17.



The owner of&nbsp;medical outpatient buildings, it&rsquo;s also the &ldquo;first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty&rsquo;s portfolio includes nearly 700 properties totaling over 40 million square feet concentrated in 15 growth markets,&rdquo;&nbsp;<a href="https://investors.healthcarerealty.com/corporate-profile/press-releases/news-details/2024/Healthcare-Realty-Trust-Reports-Results-for-the-Fourth-Quarter/default.aspx">as noted on its site</a>.



Even better, its last quarterly dividend of 31 cents was paid out on March 14, and is part of the REIT&rsquo;s 11-year strong history of regular payouts.&nbsp;



Unfortunately, fourth quarter revenues missed, and guidance did come in light. However, we do have to consider that a growing shift to outpatient care is increasing demand for medical office building, says real estate company, JLL,&nbsp;<a href="https://www.beckersasc.com/asc-news/outpatient-care-driving-demand-for-medical-office-buildings-6-notes.html">as noted by Becker&rsquo;s ASC Review</a>.&nbsp;



In fact,&nbsp;<a href="https://www.beckersasc.com/asc-news/outpatient-care-driving-demand-for-medical-office-buildings-6-notes.html">JLL just noted</a>&nbsp;that &ldquo;Off-campus medical office buildings saw a 1.9% increase in occupancy from 2019 to 2023. Outpatient sites that are expected to see the most rapid growth include those for ambulatory surgery, endoscopy and hospital outpatient departments.&rdquo;



All of which should be a positive catalyst for Healthcare Realty Trust.



<h2>Universal Health Realty Income Trust (UHT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/hospital1600-300x169.jpg" alt="Image of a hospital with workers walking in the halls"><div>Source: Shutterstock</div></div>Another beaten-down REIT with high yield is&nbsp;Universal Health Realty Income Trust&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/uht-stock-quote/">UHT</a>).



The REIT, which owns and operates 76 healthcare facilities in 21 states, has a 38-year history of increasing its dividends. Currently yielding about 8.5%, its latest dividend of 72.5 cents was just paid out on March 29. While the company has struggled with interest expenses, that should cool off a bit when the Federal Reserve starts cutting interest rates again.



UHT also just posted net income of $5.3 million, or 38 cents per diluted share, as compared to the $4.5 million, or 32 cents per diluted share a year earlier. Revenue of $25.14 million was also up about 8.2% YOY from $23.22 million.



In addition, with an aging U.S. population, the REIT should do well moving forward.&nbsp;<a href="https://www.urban.org/policy-centers/cross-center-initiatives/program-retirement-policy/projects/data-warehouse/what-future-holds/us-population-aging">According to Urban.org</a>:




 &ldquo;The number of Americans ages 65 and older will more than double over the next 40 years, reaching 80 million in 2040. The number of adults ages 85 and older, the group most often needing help with basic personal care, will nearly quadruple between 2000 and 2040.&rdquo;




On the date of publication, Ian Cooper&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-retirement-stocks-to-buy-at-a-52-week-low-in-april/">7 Retirement Stocks to Buy at a 52-Week Low in April</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Retirement Stocks to Buy at a 52-Week Low in April

NIKE: Still Overvalued After Poor Stock Performance

Nike: Trust The Brand Equity

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Nike (NKE – Research Report), Boyd Gaming (...

Analysts Conflicted on These Consumer Cyclical Names: Nike (NKE), Boyd Gaming (BYD) and Taylor Morrison (TMHC)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With the market encountering significant challenges, now may be the time to consider stocks on sale. While it&rsquo;s always a sweaty-palm affair to buy into the red ink, doing so may give the speculator significant upside.



As the adage goes, be fearful when others are greedy and be greedy when others are fearful. The best part about getting hot stocks on discount is that they should still remain fundamentally sound. Basically, the only difference is the underlying market cycle.



Granted, no guarantees exist &ndash; sometimes securities sell off for a good reason. Still, these intriguing ideas might be worth a second look. With that, here are some stocks on sale to consider.



<h2>Nike (NKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nke-stock-3-300x169.jpg" alt="Nike (NKE) store in a shopping mall in Penang, Malaysia. robinhood stocks"><div>Source: TY Lim / Shutterstock.com</div></div>Not too long ago, The Wall Street Journal reported that Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) CEO John Donahoe led a virtual all-hands meeting in late February. During the meeting, he announced that the athletic footwear and apparel giant <a href="https://www.wsj.com/business/retail/nike-reverse-innovation-stalls-rivals-gain-c3ed8e63">wasn&rsquo;t performing to its lofty standards</a>. Further, he held himself accountable. And by that, the message was that more than 1,600 employees would need to lose their jobs.



Nobody said the corporate world was easy or fair. Still, Nike now states that it&rsquo;s refocusing to once again deliver innovative footwear. To be blunt, corporate executives usually say the same thing when faced with challenges. Nevertheless, Nike has a massive advantage that other companies lack: global brand presence and power.



If Nike makes the tweaks, the moves should resonate with its customers. I wouldn&rsquo;t go so far as to say that NKE is objectively undervalued. It does <a href="https://www.gurufocus.com/stock/NKE/summary?search=nke">trade at 2.81X trailing-year sales</a>, which is above the sector median 0.85X. Still, if management hits the right notes, the projected high-side revenue for fiscal 2025 &ndash; which stands at $54.5 billion &ndash; could arrive sooner than expected.



<h2>Comcast (CMCSA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/cmcsa-stock-1-300x169.jpg" alt="Keeping NBC News on the Air Could Hamper Comcast Stock"><div>Source: Shutterstock</div></div>A multinational telecommunications and media conglomerate, Comcast (NASDAQ:<a href="https://investorplace.com/stock-quotes/cmcsa-stock-quote/">CMCSA</a>) represents a challenging idea among stocks on sale. Naturally, the entertainment landscape is a difficult one for all players. For example, cineplex operator AMC Entertainment (NYSE:<a href="https://investorplace.com/stock-quotes/amc-stock-quote/">AMC</a>) has struggled for traction as it faces a <a href="https://investorplace.com/2024/04/amc-stock-lenders-push-for-amc-debt-extension/">declining box office</a>.



Still, Comcast also has the opportunity to focus on action-adventure blockbusters for major releases. Such films are usually best experienced on the big screen. Further, the company could also take advantage of the post-pandemic travel cycle with its theme parks. Sure, revenge travel may no longer be the phenomenon that it once was. However, <a href="https://www.hoteldive.com/news/leisure-travel-demand-deloitte/708785/#:~:text=A%20January%20Deloitte%20report%20found,over%20hotel%20class%20in%202024.">travel prioritization</a> remains a strong pull among consumers.



One advantage that Comcast offers with its red-stained price tag is a more attractive valuation. Currently, shares <a href="https://www.gurufocus.com/stock/CMCSA/summary?search=cmcsa">trade at 9.07X forward earnings</a>, below the sector median 13.59X. In fiscal 2024, analysts project Comcast&rsquo;s earnings per share to reach $4.22, above last year&rsquo;s print of $3.98. So, it makes an intriguing case for stocks on sale.



<h2>GlobalFoundries (GFS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/gfs1600-300x169.png" alt="In this photo illustration GlobalFoundries (GFS) Inc. logo is seen on a mobile phone screen."><div>Source: viewimage / Shutterstock.com</div></div>A multinational semiconductor contract manufacturing and design company, GlobalFoundries (NASDAQ:<a href="https://investorplace.com/stock-quotes/gfs-stock-quote/">GFS</a>) is a powerfully relevant idea among stocks on sale. <a href="https://finance.yahoo.com/quote/GFS/profile">Per its public profile</a>, GlobalFoundries manufactures integrated circuits (ICs) on wafers designed for various markets, including smart mobile devices, automotive, aerospace and defense, among many others.



With the memory of the Covid-19-related supply pressures still fresh, GlobalFoundries benefits from a strong narrative. However, the current economic headwinds pose obstacles for GFS stock. As such, the market isn&rsquo;t exactly enthused with the idea. However, this dynamic also means that shares are trading at a price/earnings-to-growth (<a href="https://investorplace.com/stock-quotes/peg-stock-quote/">PEG</a>) ratio of 0.67X. That&rsquo;s well lower than the sector median 1.6X.



Now, part of the hesitation is that analysts on average are projecting fiscal 2024 sales to fall to $6.8 billion. Last year, the company posted sales of $7.39 billion. However, the optimistic target calls for $8.62 billion. And if the bulls win out, fiscal 2025 revenue could jump to $10.54 billion. For speculators, GFS could be one of the stocks on sale.



<h2>Baidu (BIDU)</h2>



<a href="https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/bidu1600-2-300x169.png" alt='An image of a laptop on a table with the screen showing the red and blue logo for Chinese Internet company "Baidu", with the background being blurred.'></a>While there&rsquo;s so much talk about artificial intelligence, Baidu (NASDAQ:<a href="https://investorplace.com/stock-quotes/bidu-stock-quote/">BIDU</a>) hasn&rsquo;t been a beneficiary, far from it. BIDU&rsquo;s performances for the trailing year and year-to-date have been disappointing. At the same time, the skepticism is understandable. Baidu is based in China and the Chinese economy faces nagging questions concerning its viability.



Nevertheless, speculators who are seeking stocks on sale may want to keep BIDU on their radar. As Baidu&rsquo;s management team mentioned, it&rsquo;s <a href="https://www.cnbc.com/2024/04/18/baidu-releases-new-ai-tools-to-promote-application-development.html">gaining traction</a> with its artificial intelligence (<a href="https://investorplace.com/stock-quotes/ai-stock-quote/">AI</a>) business. Further, it&rsquo;s a consistently profitable enterprise with a robust net margin of 15.1%. Even so, shares trade at a lowly 9.95X forward earnings. Should China&rsquo;s economy show signs of gradual improvement, BIDU could be poised to recover



What&rsquo;s really intriguing is that Baidu, currently trading at 1.89X trailing-year sales, could see its revenue jump to $21.13 billion in fiscal 2024. Also, the most optimistic projections call for sales of $23.51 billion in fiscal 2025. That would imply that BIDU may also be discounted relative to the top line.



<h2>British American Tobacco (BTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/bti-stock-1-300x169.jpg" alt="British American Tobacco logo on a building"><div>Source: DutchMen / Shutterstock.com</div></div>On the surface, British American Tobacco (NYSE:<a href="https://investorplace.com/stock-quotes/bti-stock-quote/">BTI</a>) might not seem like a natural candidate for hot stocks on sale. For one thing, its 52-week performance is anything but hot. As for the business, the idea that tobacco is cool faded a long time ago. Indeed, anti-tobacco advocates have done an excellent job of reducing the global smoking prevalence rate.



So, why bother with BTI? Fundamentally, the company offers a valuable product. Again, while smoking has lost much of its luster, it remains a popular activity. Plus, not all countries have seen a reduction in prevalence. More importantly to the bottom line, smokers have gravitated toward e-cigarettes and similar alternative products such as heat-not-burn devices.



This is where British American Tobacco can assert itself because traditional tobacco companies can better replicate the analog experience via the &ldquo;digital&rdquo; format. Also, BTI brings great value, trading at a forward earnings multiple of 6.59X, lower than 90.91% of its peers. Combined with a <a href="https://www.dividend.com/stocks/consumer-staples/consumer-products/tobacco/bti-british-amer-tobacco/">forward dividend yield of 10.16%</a>, it makes for an enticing idea.



<h2>Bumble (BMBL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/02/bmbl1600-300x169.jpg" alt="BUMBLE (BMBL) app on a smartphone"><div>Source: XanderSt / Shutterstock.com</div></div>A dating app that aimed to change the way people think about relationships, Bumble (NASDAQ:<a href="https://investorplace.com/stock-quotes/bmbl-stock-quote/">BMBL</a>) started off with much promise. Its selling point was that for traditionally oriented relationships, women had to make the first move. This directive was designed to implement parity in relational power structures. However, it also impacted Bumble&rsquo;s viability.



What it basically boils down to is that male users must wait to be contacted. That could be very frustrating as such apps don&rsquo;t abide by a democratic process. In other words, a few &ldquo;prospects&rdquo; will get the lion&rsquo;s share of the attention. Everybody else will get the crumbs, if anything. And that&rsquo;s just going to cause male users to seek other platforms.



That&rsquo;s why I&rsquo;m somewhat optimistic about <a href="https://techcrunch.com/2024/03/28/bumbles-new-ceo-talks-about-her-critical-mission-to-spice-things-up-at-the-company/">Bumble&rsquo;s new CEO</a>, Lidiane Jones. With a few simple tweaks, BMBL could rise to the top by being more gentlemen friendly. Should the execution follow through, the company could potentially hit its high-end sales target of $1.16 billion. Therefore, it could be one of the stocks on sale.



<h2>Chewy (CHWY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/09/chwy1600c_chewy-300x169.jpg" alt="The Chewy logo on a banner at the New York Stock Exchange."><div>Source: Chie Inoue / Shutterstock.com</div></div>An online retailer of pet food and other pet-related products, Chewy (NYSE:<a href="https://investorplace.com/stock-quotes/chwy-stock-quote/">CHWY</a>) appears to enjoy a double-pronged weapon. First, <a href="https://fred.stlouisfed.org/series/ECOMPCTSA">e-commerce</a> as a percentage of total retail sales has been marching steadily higher since the second quarter of 2022. Notably, this trend materialized even with inflation and high borrowing costs impeding consumer sentiment.



Second, Americans love spending on their pets. In 2023, total pet industry expenditures in this country hit <a href="https://www.americanpetproducts.org/research-insights/industry-trends-and-stats">$147 billion</a>. That&rsquo;s up noticeably from the prior year&rsquo;s print of $136.8 billion. Further, analysts still project growth, with this year&rsquo;s sales potentially reaching $150.6 billion. By logical deduction, Chewy should perform well.



Unfortunately, it&rsquo;s quite the opposite &ndash; CHWY is a big laggard. Still, with consumers demonstrating year after year that they prioritize the care of their furry friends, it may be time for a rethink. Analysts believe that the current fiscal year should see high-side revenue of $12.48 billion. That&rsquo;s very reasonable given the backdrop, making CHWY one of the stocks on sale.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/discount-alert-7-hot-stocks-heading-for-the-clearance-rack/">Discount Alert! 7 Hot Stocks Heading for the Clearance Rack.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Discount Alert! 7 Hot Stocks Heading for the Clearance Rack.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Not every stock crashes with the rest of the market. Some corporations offer high&nbsp;margins of safety&nbsp;and can hold firmly during bad times. Putting some of your capital in these investments can reduce your portfolio&rsquo;s losses from peak to trough.&nbsp;



However,&nbsp;a small number of stocks&nbsp;can actually perform well when the market crashes. It&rsquo;s harder to find these stocks, and&nbsp;it&rsquo;s possible for&nbsp;equities in this category&nbsp;to&nbsp;simply outperform the market.&nbsp;For instance, most assets get dragged down during market crashes, but some get dragged down less than others. 



These stocks have the potential to do well even if the market crashes.



<h2>iShares Gold Trust (IAU)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/gold-300x169.jpg" alt="A pile of shining gold bars. Gold stocks"><div>Source: Shutterstock</div></div>The iShares Gold Trust (NYSEARCA:<a href="https://investorplace.com/stock-quotes/iau-stock-quote/">IAU</a>) measures the price performance of gold. It&rsquo;s more convenient than owning physical gold since you don&rsquo;t have to worry about storage. IAU is also more liquid than the precious metal.



Gold is one of the most desirable resources and holds intrinsic value. Its value tends to increase during economic cycles with high inflation and&nbsp;low interest&nbsp;rates. IAU tends to perform well during economic uncertainty and has outperformed the stock market with a 77% gain over the past five years. It&rsquo;s also off to a strong start and has gained 12% year-to-date (YTD).



The gold-tracking fund was flat in 2022. Many <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> collapsed that year due to red-hot inflation and interest rate hikes. If the economy goes through challenges again, the iShares Gold Trust should reward long-term investors.



Further, the fund is less correlated to stock market returns since it tracks a commodity. This fund can zig when other assets zag, and a 0.16 beta further encapsulates the lack of correlation between stock market returns and gains from the precious metal.



<h2>Procter &amp; Gamble (PG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/procter-gamble-pg-1600-300x169.jpg" alt="A photo of a number of Procter &amp; Gamble (PG) products."><div>Source: monticello / Shutterstock.com</div></div>Procter &amp; Gamble&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/pg-stock-quote/">PG</a>) has&nbsp;been selling&nbsp;consumer goods under iconic brands for almost 200 years. The corporation has endured many economic cycles while delivering impressive returns for long-term investors.&nbsp;The stock is up&nbsp;by&nbsp;9% YTD and has rallied&nbsp;by&nbsp;53% over the past five years.



Analysts believe the stock can march higher and have rated it&nbsp;as&nbsp;a moderate buy. The average price target suggests a 5% gain while the highest price target of $185 per share implies a 13.5% upside. The company doesn&rsquo;t keep up with growth stocks during bullish markets but certainly holds its own during bearish economic cycles. Procter &amp; Gamble <a href="https://finance.yahoo.com/quote/PG/">stock only has a&nbsp;0.43 beta</a>&nbsp;which implies less volatility than most of the stock market.



The company reported 1% year-over-year (YOY) sales growth and <a href="https://www.pginvestor.com/financial-reporting/press-releases/news-details/2024/PG-Announces-Fiscal-Year-2024-Third-Quarter-Results/default.aspx">11% YOY diluted EPS</a> growth in&nbsp;Q3 of 2024. These results are decent since investors know Procter &amp; Gamble is a mature company rather than a growth firm. The corporation also has an impressive&nbsp;<a href="https://www.pginvestor.com/financial-reporting/press-releases/news-details/2024/PG-Declares-Quarterly-Dividend/default.aspx" target="_blank">133-year streak</a>&nbsp;of paying dividends to investors. Procter &amp; Gamble has raised its dividend for 67 consecutive years. That dividend history suggests PG can be resilient during an economic downturn.&nbsp;



<h2>Walmart (WMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/wmt-stock-9-300x169.jpg" alt="A photo of the Walmart (WMT) logo on the side of a truck."><div>Source: Sundry Photography / Shutterstock.com</div></div>Walmart&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>) offers many products and is&nbsp;<a href="https://www.cnbc.com/2024/04/30/walmart-launches-new-grocery-brand-bettergoods.html#:~:text=Walmart%20is%20already%20the%20country's,revenue%20comes%20from%20private%20label." target="_blank">the leading grocer by revenue in the U.S</a>.&nbsp;People&nbsp;still have to buy various products&nbsp;during bad economic cycles and&nbsp;will shop at retailers that save them money.&nbsp;Walmart is well-known for its affordable products and can attract a wider customer pool when the economy slows down.



In fact, Walmart stock can still do well in bullish market cycles. The stock is up by 74% over the past five years. Also, it&rsquo;s off to a good start with a 12% YTD gain. Analysts believe the stock can rally by&nbsp;<a href="https://www.tipranks.com/stocks/wmt/forecast" target="_blank">an additional 11%</a>. Walmart is rated as a strong buy among 28 analysts.&nbsp;



The retail giant continued&nbsp;to <a href="https://s201.q4cdn.com/262069030/files/doc_earnings/2024/q4/earnings-result/Earnings-Release-2024-Q4.pdf">grow&nbsp;in multiple areas</a> and offered&nbsp;a good&nbsp;Q4 of 2024 print&nbsp;for investors.&nbsp;Revenue increased by 5.7% YOY amid&nbsp;big&nbsp;gains for the company&rsquo;s e-commerce and advertising segments. The firm crossed $100 billion in e-commerce sales for the first time in fiscal 2024.&nbsp;



<h2>Verizon (VZ)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/vz1600-300x169.png" alt="Verizon Retail Location. Verizon delivers wireless, high-capacity fiber optics and 5G communications. VZ stock"><div>Source: RAMAN SHAUNIA / Shutterstock.com</div></div>Verizon&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/vz-stock-quote/">VZ</a>) isn&rsquo;t the type of stock&nbsp;to&nbsp;outperform&nbsp;the stock market in the long term.&nbsp;However, the company has&nbsp;a large&nbsp;network of customers, and people aren&rsquo;t as likely to cut down on their telecom services compared to other resources.



The stock has historically trailed the&nbsp;stock&nbsp;market but is up by 2% YTD amid&nbsp;<a href="https://www.verizon.com/about/news/verizon-begins-2024-strong-wireless-service-revenue-growth-solid-cash-flow-and-continued" target="_blank">rising demand for its broadband services</a>. Revenue ticked up by 0.2% YOY while net income experienced a slight YOY decline. It <a href="https://finance.yahoo.com/quote/VZ/">trades at a&nbsp;0.39 beta</a>&nbsp;which suggests less volatility than the rest of the stock market.



Investors can pick better stocks, but a key strength of Verizon is its high yield. The asset&rsquo;s 6.70% dividend yield makes it attractive for many dividend income investors&nbsp;who are&nbsp;looking toward retirement. The telecom firm continues to hike its dividend each year although growth has been slow in recent years. Verizon&nbsp;<a href="https://www.nasdaq.com/market-activity/stocks/vz/dividend-history">raised its dividend</a>&nbsp;from $0.6525 per share to only $0.665 per share in 2023. That&rsquo;s a 1.9% YOY increase.



<h2>Sprouts Farmers Market (SFM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/sfm1600-300x169.jpg" alt="An exterior sign on a Sprouts Farmers Market (SFM) store in Granada Hills, California."><div>Source: Ken Wolter / Shutterstock.com</div></div>Phoenix-based Sprouts Farmers Market&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/sfm-stock-quote/">SFM</a>) is an expanding grocery store chain.&nbsp;The company wrapped up 2023 with&nbsp;<a href="https://s28.q4cdn.com/791277983/files/doc_earnings/2023/q4/earnings-result/SFM-Q423-Earnings-Release-FINAL.pdf" target="_blank">407 stores in 23 states</a>. Most of the company&rsquo;s stores&nbsp;are located in the southern U.S.&nbsp;



The grocer will continue to see demand during economic slowdowns since people need to eat. While grocery stores are defensive stocks, Sprouts has been growing&nbsp;at an exceptional rate. Shares are up by 36% YTD, have gained 91% over the past year and more than tripled over the past five years. The stock trades at a 27 P/E ratio&nbsp;and has&nbsp;a $6.8 billion market cap.



Also, profit margins are steadily rising.&nbsp;The firm reported 8% YOY net sales growth in Q4 of 2023 while net income jumped by 11% YOY. Sprouts Farmers Market has a robust financial profile that is highlighted by&nbsp;the company&rsquo;s&nbsp;$202 million cash and cash equivalents position.&nbsp;The&nbsp;company put some of its cash to use with $203 million worth of stock buybacks&nbsp;in 2023.



<h2>Deckers Outdoor (DECK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/shutterstock_1886516590-300x169.jpg" alt="DECK stock: a display of three UGG boots of various colors in a shop with the logo displayed above them"><div>Source: BalkansCat / Shutterstock</div></div>People will still buy sneakers and athletic apparel during economic slowdowns.&nbsp;However,&nbsp;they may seem&nbsp;more affordable options like&nbsp;Deckers Outdoor&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/deck-stock-quote/">DECK</a>)&nbsp;compared to&nbsp;pricier brands like&nbsp;Nike&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>).&nbsp;



Deckers Outdoor is the corporation behind the HOKA and UGG product lines. It&rsquo;s been gaining market share from top rivals while rewarding long-term investors. The stock is up by 22% YTD and has soared by 417% over the past five years.&nbsp;



Financial growth has supported the recent stock moves. The athletic apparel firm reported 16% YOY revenue growth in Q3 of FY24. EPS growth&nbsp;came in&nbsp;at 44% YOY as Deckers Outdoor continued to expand its profit margins.



Furthermore, DECK&nbsp;offers&nbsp;more affordable products than competitors with the most market share. The company has been gaining market share for several years and&nbsp;is prioritizing&nbsp;sustainable growth rather than rushing to the front of the line only to burn out shortly after.&nbsp;Deckers Outdoor has solid leadership that has delivered meaningful shareholder value.



<h2>Sysco (SYY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/SYY1600-300x169.jpg" alt="Best Stocks for Students: Sysco (SYY)"><div>Source: Shutterstock</div></div>Sysco&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/syy-stock-quote/">SYY</a>) is involved with&nbsp;the distribution and marketing of&nbsp;food products.&nbsp;It&rsquo;s not going to&nbsp;outperform the stock market anytime soon&nbsp;as&nbsp;it&rsquo;s only up by 6% over the past five years. The YTD and 1-year windows don&rsquo;t offer much optimism either as the stock has been roughly flat since the start of the year.



However, Sysco is the type of stock that stays flat when the rest of the stock market is in free fall. The stock only dropped by roughly 3% in 2022, a year that saw&nbsp;major&nbsp;indices shed a lot of value. Additionally, the stock offers a 2.72% yield.&nbsp;<a href="https://www.nasdaq.com/market-activity/stocks/syy/dividend-history" target="_blank">Dividend growth</a>&nbsp;has been minimal, as the company only hiked its quarterly dividend from $0.50 per share to $0.51 per share in 2024. That&rsquo;s a 2% YOY increase.&nbsp;



Financial growth remains an area of concern, yet the company is reliable. It&rsquo;s important not to think of this company as a growth stock since <a href="https://investors.sysco.com/~/media/Files/S/Sysco-IR/documents/quarterly-results/q3-2024-press-release.pdf">revenue only increased by 2.7% YOY</a> in&nbsp;Q3 of 2024. EPS&nbsp;inched up&nbsp;by 1.2% from $0.84 per share to $0.85 per share.



On this&nbsp;date of publication, Marc Guberti held a long position in DECK. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/7-stocks-that-will-continue-to-climb-even-when-the-market-crashes/">7 Stocks That Will Continue to Climb Even When the Market Crashes</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Stocks That Will Continue to Climb Even When the Market Crashes

After this week's backslide, the Dow Jones Industrial Average (DJIA) is stuck in a rut, dragging the index below 38,000.00 as investors buckle down for another rate call from the US Federal Reserve (Fed).

Dow Jones Industrial Average Struggles To Recover From Recent Backslide As Fed Rounds Corner

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Not everyone is&nbsp;feeling good about the stock market.&nbsp;Inflation has been picking up, and interest rates have remained elevated. Earnings reports for tech companies have been good for the most part, but that doesn&rsquo;t mean the market will remain attractive over the next few years.



Time in the market beats timing the market. However, some corporations look unlikely to outperform the S&amp;P 500 or deliver meaningful long-term gains for investors. Holding onto unprofitable stocks can bring your portfolio down.&nbsp;These blue chip stocks&nbsp;do not&nbsp;look promising for long-term investors.&nbsp;



<h2>Disney (DIS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/dis-1600-1-300x169.png" alt="Disney logo on a store front. DIS stock."><div>Source: chrisdorney / Shutterstock</div></div>At first glance, things look&nbsp;good&nbsp;for the House of Mouse.&nbsp;Disney&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/dis-stock-quote/">DIS</a>) shares are up&nbsp;24% year-to-date and&nbsp;outperformed the stock market.&nbsp;Unfortunately, a wider lens will reveal significant underperformance, such as a 16% drop over the past five years.



The activism buzz contributed to Disney&rsquo;s year-to-date gains,&nbsp;but&nbsp;that campaign has concluded.&nbsp;Investors will have to look deeper into Disney&rsquo;s underlying business; recent&nbsp;financial results weren&rsquo;t good.



Revenue increased by less than 0.5% year-over-year in&nbsp;<a href="https://thewaltdisneycompany.com/app/uploads/2024/02/q1-fy24-earnings.pdf" target="_blank">Q1 FY24</a>. Diluted EPS was a bit better, going from $0.70&nbsp;to $1.04 per share. That&rsquo;s a 48.6% year-over-year increase, but investors shouldn&rsquo;t expect that growth to continue if revenue stays flat. Most of the company&rsquo;s net income growth came from cost reductions.



Entertainment revenue dropped by 7%&nbsp;year-over-year,&nbsp;while revenue from Sports and Experiences&nbsp;was&nbsp;up by 4% and 7%&nbsp;year-over-year,&nbsp;respectively.&nbsp;Streaming can be profitable in the fourth quarter of fiscal 2024, but the stock has run up too quickly.



<h2>Nike (NKE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/nke-stock-1-300x169.jpg" alt="A stack of red Nike (NKE) shoe boxes."><div>Source: mimohe / Shutterstock.com</div></div>Nike&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) has fallen off its pedestal.&nbsp;The stock&nbsp;is only&nbsp;up by 10% over the past five years,&nbsp;including&nbsp;a 25% drop over the past year. Supply chain concerns, inventory glut, and more competitors have put the stock&nbsp;in&nbsp;a corner.&nbsp;



Nike reported revenue that was &ldquo;slightly up&rdquo; in&nbsp;<a href="https://s1.q4cdn.com/806093406/files/doc_financials/2024/q3/FY24-Q3-Combined-NIKE-Press-Release-Schedules-FINAL.pdf" target="_blank">Q3 FY24</a>. &ldquo;Slightly up&rdquo; is code for 0.31% year-over-year revenue growth. Furthermore, net income declined by 5.5% year-over-year. The athletic apparel company trades at a 28 P/E ratio. Nike&rsquo;s valuation is currently higher than&nbsp;Meta Platforms&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>) and close to&nbsp;Alphabet&rsquo;s&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/goog-stock-quote/">GOOG</a>, NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/">GOOGL</a>) valuation. That doesn&rsquo;t make much sense. Nike&rsquo;s valuation is also similar to its growing competitor,&nbsp;Deckers Outdoor&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/deck-stock-quote/">DECK</a>), which also doesn&rsquo;t seem reasonable.



An economic slowdown can&nbsp;put further pressure on&nbsp;Nike and its high prices. Competitors can swoop in with more affordable&nbsp;products that are still high quality.&nbsp;It&rsquo;s been a tough few years for long-term investors. Although the stock offers a 1.57% dividend yield, the 5-year gains&nbsp;look bad.



<h2>Cisco (CSCO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/csco-stock-1-300x169.jpg" alt="cisco (CSCO) logo on an office building"><div>Source: Ken Wolter / Shutterstock.com</div></div>Cisco&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/">CSCO</a>) is a mature networking hardware company. It has a cybersecurity component through its recent&nbsp;<a target="_blank" href="https://www.cisco.com/site/us/en/about/corporate-strategy-office/acquisitions/splunk/index.html#tabs-35d568e0ff-item-194f491212-tab">Splunk acquisition</a>. Long-term investors haven&rsquo;t been too pleased with Cisco as it has been down by 13% over the past five years. The stock has a 14.5 P/E ratio and a 3.34% yield, which looks good on the surface. However, revenue and net income are both decreasing.



Revenue decreased by 6% year-over-year in&nbsp;<a target="_blank" href="https://s2.q4cdn.com/951347115/files/doc_earnings/2024/q2/earnings-result/Q2FY24-Press-Release.pdf">Q2 FY24</a>. Meanwhile,&nbsp;GAAP EPS dropped by 3% year-over-year. These decreases are&nbsp;taking place&nbsp;during a period of economic strength.&nbsp;Other tech companies are reporting solid earnings, but we haven&rsquo;t seen that with Cisco.&nbsp;



The stock seems destined to underperform the stock market, and it&rsquo;s not the best pick leading up to a correction or a crash.&nbsp;Cisco is down by 5% year-to-date and&nbsp;only has&nbsp;a&nbsp;<a href="https://www.koyfin.com/company/csco/dividends/" target="_blank">3.40% compounded growth rate for its dividend</a>&nbsp;over the past five years. It seems like Cisco is doing the bare minimum with its dividend hikes, which isn&rsquo;t good for investors who want elevated cash flow.&nbsp;



On the&nbsp;date of publication, Marc Guberti did not have (either&nbsp;directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Marc Guberti is a finance freelance writer at InvestorPlace.com who hosts the Breakthrough Success Podcast. He has contributed to several publications, including the U.S. News &amp; World Report, Benzinga, and Joy Wallet.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/stock-market-crash-warning-dont-get-caught-holding-these-3-blue-chip-stocks/">Stock Market Crash Warning: Don't Get Caught Holding These 3 Blue-Chip Stocks</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Stock Market Crash Warning: Don't Get Caught Holding These 3 Blue-Chip Stocks

My Top 15 High Growth Dividend Stocks For May 2024

Shares of iconic footwear and apparel company Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) have continued to drag their feet over the past few years. Despite being arguably the...

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Nike Stock (NYSE:NKE), Short Interest Report

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